Do you have manual first gear? The reverse band also controls 1st gear. You could drop the pan, and check the band with a long Phillips screwdriver to see if it has spring action. Check the tip of the servo to see if it's chipped. If they appear to be OK, then the next step is to check the shift fork in the transfer case (assuming that you have a 4WD with a transfer case).
First I like start with a thanks to all that take the time to give advice.
Decided to resurrect this thread regarding loss of reverse with no engine breaking in manual first on 98 Explorer 5r55e. I have spent days reading everything out the on the net regarding this problem and I am still a little unsure. I thought it was finally clear to me when I read in a previous post in this thread that a broken band meant no engine breaking. Now I am not sure.
The first thing I am not clear about is how a broken reverse band affects manual first. If it is broken does that mean no manual first or no engine breaking in manual first. I have the latter condition. Like many have stated there was a bang sound when it went out.
I pulled the pan, no metal and clean fresh fluid. Looking up at the vb near the reverse low servo I saw that the vb gasket between separator plate and case was blown out. Figured I was going to get off easy. Replace the gasket and the seals on the servo even though they look OK and torqued the vb bolts properly and also check the spring action on the band and it seemed OK. Started it up and still no reverse.
Drop the pan again. This time took a closer look at the reverse low servo and notice small hairline cracks in the end. The tip did not seem deformed. Then I stuck a screwdriver up the hole to test the band spring action again. At first I thought it was OK like last time, but this time I also notice a rattle sound when I poked at the banded. It then dawned on me that the band must be broken after all.
So I am wondering if the blown gasket and the broken band could be related?
Can the pressure have gotten to high and cause the servo to hit the band with to much force and cause the gasket to blown out.
And finally I am wondering the best approach on dealing with this. It is a 98 Explorer 4x4 with 165,000 miles on it and still pretty solid all around and I did replace the vb with a rebuilt from Central VB at 135,000 mi. Do I just have the banded and servo replaced, or get the entire trans rebuilt. The hardest part of the job seems to me is taking the trans out and back in.
Thanks again to all.